Exam 5: Contracts

A valid contract requires __________.

The law will enforce contracts only when they are executed between persons who are __________.

A handbook is not generally considered a contract due to a __________.

It is always the desire of all parties to a contract to reduce it to __________.

Normally the adequacy or inadequacy of consideration will not affect the __________.

When a party to a contract has breached the contract and refuses to or cannot perform, the general rule is that the law will attempt to __________.

A contract used primarily to hedge against the risk up potential loss is a/an __________ contract.

An agent who is believed to be a third person acting on behalf of the principal is referred to as __________.

Contracts, particularly those in writing, serve to minimize misunderstandings and offer a means for parties to __________.

A policy that temporarily denies new appointments to a medical staff is __________.

A mistake in law __________.

A contract with a firm of anesthesiologists that requires that all anesthesia services for a hospital's patients be performed by that firm is a/an __________.

An agent is one who has the power to construct for and bind another person, who is known as the __________.

The federal agency responsible for monitoring the marketplace and enforcing antitrust laws is the ___________.

Ordinarily, substantial performance by one party to a contract will obligate the other parties __________.

An agreement between an employee and employer that specifies the terms of a contract is __________.

A contract that is inferred by law is a/an __________.

Each party to a contract must give up something of value in exchange for something of value, this is known as __________.

A remedy for non--performance of a contract generally includes a request for __________.

A contract serves to provide one or more parties with a legal remedy to __________.